This token has made an impulsive 5-wave sequence to the upside, and is now in correction mode.
Wave A seems to be finished, and wave B´s format is not yet finished.
The price reached by wave B and the ascending trendline holding (or not) will define how deep the correction will go.
I personally prefer a break of the trendline and a test of 50% to 61.8% retracement in order to have long trades with better probability and confidence.
Wave A seems to be finished, and wave B´s format is not yet finished.
The price reached by wave B and the ascending trendline holding (or not) will define how deep the correction will go.
I personally prefer a break of the trendline and a test of 50% to 61.8% retracement in order to have long trades with better probability and confidence.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.